Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









2 Flat 1505 Grace Lake View Chicago IL Mu Investm

City: CHICAGO ZIP: 60613

Built In: 1895

Lot Size: A

Lot Dimensions: 34X85

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $2000

Unit 2 Floor 2: 3 bedrooms 2 baths $2700

Gross Income $4,700

Net Op. Income $4,700

Detailed Listing Description

Rare opportunity to own this 2 flat with side drive-way in level 1+ Blaine School. Owner's unit duplex up that lives like a single family home with 3 bedrooms plus den and 2 full bathrooms. First floor 2 bedroom unit with eat-in kitchen area, walk-out deck and private yard. Endless opportunity investment property can be used as owner's unit duplex up and first floor rental income, rent out both units and collect $4,700+ per month, rent as an Air B n B, VRBO, or convert to a fabulous single family home. Architectural drawings and specifications available to make this an easy conversion. Located one block from the Southport Corridor, walk to all simple conveniences including brown line, Wrigley, Jewel, Trader Joe's, Whole Foods, Xsport and the lake.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipN
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,E,G,I,Q,S
  • Appliances Unit 2A,B,E,G,I,T
Schools
  • Grade SchoolBLAINE ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolBLAINE ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 10% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 6% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $56,400 Monthly $4,700
Rental Income Stabilized : Annual $56,868 Monthly $4,739
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$824,9002$412,4504.27%14.630.57%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,700$4,739
Year Total$56,400$56,868
Expense
Total$21,205$21,205
Net Operating Income$35,195$35,663
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9981 $27637 $37618 $3135
Total         $9,981 $27,637 $37,618   $-2,423 $9,981 $7,558
Stabilized         $9,981 $27,637 $37,618   $-1,955 $9,981 $8,026
Custom         $9981 $27637 $37618   $-1955 $9981 $8026




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1618,6753,1358152,3208152,3203,135
2617,8603,1358182,3171,6334,6376,270
3617,0423,1358212,3142,4546,9519,405
4616,2213,1358242,3113,2789,26212,540
5615,3973,1358272,3084,10611,56915,675
6614,5693,1358302,3054,93613,87418,810
7613,7393,1358332,3025,76916,17621,945
8612,9063,1358372,2986,60618,47425,080
9612,0693,1358402,2957,44620,76928,215
10611,2293,1358432,2928,28923,06131,350
11610,3863,1358462,2899,13525,35034,485
12609,5403,1358492,2869,98427,63637,620
13608,6913,1358522,28310,83629,91940,755

Explore Nearby Neighborhoods

Humboldt ParkNearby Neighborhoods X Plus Real Estate

Humboldt Park

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

West TownNearby Neighborhoods X Plus Real Estate

West Town

Listing Agent: Diana Radosta
Listing Office: Compass
1041 Martha St. Elk Grove Village

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.